What happens if you are presented with a winding up petition? Alarm bells should be ringing, you need to take action now!

Your business is at significant risk and you may lose control if a winding up petition gets converted to a winding up order.

The bank account may get frozen and there is also a risk that if your company goes into compulsory liquidation then any payments made or assets sold can be recovered by a liquidator.  Should this happen then any goodwill which you have as a director with the suppliers may be lost which could affect any new business which you may start in the future.

Should you require any immediate advice live chat to us now (if we are online) or contact us.

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If you believe your business may be in distress, understanding the warning signs early is essential to securing the best possible outcome. In our free guide, we explore the process of putting a business into liquidation, what options you have when it comes to insolvency, the impact liquidation has on stakeholders, and much more.

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